El Salvador’s Ministry of Finance has raised interest rates for late tax payments applicable from 1 February to 31 July 2025.
The annual interest rate is set at 7.99% (up from 7.53%) and will increase to 11.99% (up from 11.53%) if payment is delayed beyond 60 days after the due date.
The notice outlining the update was published on the Ministry of Finance’s website.
Related Posts
El Salvador’s Ministry of Finance has introduced new fields to Form 07 and Form 14, which taxpayers will be required to complete starting 1 February 2025. The forms have been updated to include the following changes: Sales to taxpayers;
Read More El Salvador's parliament has approved changes to the 2021 law that made Bitcoin a legal currency on 29 January 2025. The amendments repeal provisions allowing tax payments in Bitcoin and make accepting Bitcoin voluntary for businesses instead of
Read More El Salvador's Ministry of Finance has announced, on 10 January 2025, that it has set a deadline of 16 January 2025 for taxpayers to report changes to tax notification addresses. The deadline applies to taxpayers registered for VAT and legal
Read More El Salvador’s Ministry of Finance has launched the "Inspectores Fiscales Sin Fronteras" programme to improve tax auditing and criminal investigations, focusing on Transfer Pricing and Tax Crime Investigation. The initiative aims to strengthen
Read More
The US signed a Customs Mutual Assistance Agreement (CMAA) with El Salvador on 8 October 2024. The CMAA aims to strengthen border security and trade facilitation between the two countries. CMAAs are bilateral agreements between the United
Read More El Salvador’s tax administration issued a guidance aimed at assisting taxpayers in identifying jurisdictions that offer preferential tax regimes with minimal or no taxation, ensuring the correct application of El Salvador’s taxation provisions,
Read More
